$0.02087031

Perpetual Protocol DEX

At the center of Perpetual Protocol is a decentralized exchange (DEX) built on Ethereum and xDai. 

What can you do on the Perpetual Protocol DEX?

Take long or short positions on an expanding set of assetsUse up to 10x leverage while trading.Enjoy reduced gas costs through xDai.Every trade is executed entirely on-chain.Trading is fully non-custodial.

Use Cases

Governance

After PERP token holders stake their tokens, they can use those staked PERP balances to vote on or submit new proposals aimed at enhancing Perpetual Protocol. While the on-chain governance voting system is still being prepared for PERP token holders, key protocol contributors will help steer important decisions. The team believes it’s vital to keep governance responsive during Perpetual Protocol’s early phase.

Staking

PERP holders can lock up, or “stake,” their PERP for a set period in the Staking Pool. In exchange, stakers earn rewards.

Exchange backstop

If conditions become extreme and the exchange insurance fund is exhausted, PERP tokens may be sold at market price to cover any remaining shortfall.